Куда бы послать...
...человека, который в шестом часу вечера присылает (в данный момент "самому больному на свете Карлсону") файл с просьбой проверить в порядке ли формулы и предложить конструктивную критику?!?
Читаю вступление: "Structural models of the firm - most notably Merton - relate debt and equity. However, a practical application of these models is hindered by data limitations. Hence we introduce a variation on Merton to quantify debt / equity relationships. Specifically, recognizing the high correlation between equity price and its volatility we introduce a variable called “volatility off trend”, or VOT, which normalizes for this correlation. This variable can also be viewed as credit spread’s sensitivity to a measure of true firm risk, or asset volatility. We show that over the last six months credit spreads reacted to the perceived increase in risk as well as to equity valuations. We apply our empirical framework to IG and HY CDX credits, showing which credits could benefit from asset volatility’s gravitation towards the mean."
Параллельно Supergirl требует читать ей новую книгу (стихи Ренаты Мухи моя сестра ей прислала), a Wonderboy мне детскими ножницами пытается кусок брючины отрезать... Весёленький будет вечерок :/
Читаю вступление: "Structural models of the firm - most notably Merton - relate debt and equity. However, a practical application of these models is hindered by data limitations. Hence we introduce a variation on Merton to quantify debt / equity relationships. Specifically, recognizing the high correlation between equity price and its volatility we introduce a variable called “volatility off trend”, or VOT, which normalizes for this correlation. This variable can also be viewed as credit spread’s sensitivity to a measure of true firm risk, or asset volatility. We show that over the last six months credit spreads reacted to the perceived increase in risk as well as to equity valuations. We apply our empirical framework to IG and HY CDX credits, showing which credits could benefit from asset volatility’s gravitation towards the mean."
Параллельно Supergirl требует читать ей новую книгу (стихи Ренаты Мухи моя сестра ей прислала), a Wonderboy мне детскими ножницами пытается кусок брючины отрезать... Весёленький будет вечерок :/